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Economy
Kiwis fret as fuel prices reach $3 per litre
February 07, 2022 07:07 PM PST| By ManikaHighlights Fuel price increase to cause additional burden on Kiwis’ pockets The Government says that it is due to an increase in Brent Crude. With fuel prices rising, Kiwis are feeling pressure on their household budgets. According t.....
US employers add 467,000 jobs in January, jobless rate steady at 4%
February 05, 2022 08:36 PM PST| By Team Kalkine MediaHighlights While hirings and steady wage gains boosted consumer spending, inflation remained a concern. The strong January hirings showed employers are keen to employ even as the pandemic raged. The Fed is considering raising the interest rate.....
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Cost of living crisis: Bank of England expected to hike interest rates
February 03, 2022 04:57 AM PST| By Priya BhandariHighlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric.....
NZ government proposes insurance scheme for workers with job loss, seeks feedback
February 01, 2022 08:21 PM PST| By ManikaHighlights The NZ government plans to introduce a new insurance scheme. The scheme is for workers who lose their jobs. The Scheme is likely to support over 100,000 Kiwis every year. The Government of New Zealand plans to introduce a new i.....
Australia seeks to join EU's trade row talks against China
February 01, 2022 02:19 AM PST| By Team Kalkine MediaTrade Minister Dan Tehan said on Saturday that Australia will seek to join the World Trade Organisation (WTO) talks over a trade dispute between China and the European Union (EU). On Thursday (January 27, 2022), China was accused by the EU of foll.....
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Banks expect Fed to raise benchmark rate by 50 bps in March
January 27, 2022 03:39 PM PST| By Sanjeeb BaruahHighlight The world’s top investment banks expect multiple interest rate hikes this year. The Federal Reserve hopes to bring down the inflation to 2% after the hikes. The US inflation has soared to 7% lately, the highest in nearly four d.....
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US GDP grew 6.9% in fourth quarter of 2021, fastest growth in decades
January 27, 2022 01:10 PM PST| By Sanjeeb BaruahHighlights The growth rate is expected to slow down in 2022 on weak consumer spending, supply issues. Household spending and efforts to rebuild depleted inventories drove the fourth-quarter growth. Consumer spending reduced toward the end of t.....
Should global markets worry over Fed’s interest rate plans?
January 27, 2022 02:18 AM PST| By DaminiHighlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hike fears are looming, investors are no longer considering equities as a hedge against inflation. N.....
NZ Inflation at a record high, what should RBNZ do?
January 26, 2022 07:05 PM PST| By ManikaInflation has hit a record 5.9% at the end of 2021, according to figures released by Statistics New Zealand on Thursday. Consumer prices are rising at a fast pace and this is the highest in last 30 years, according to the Government figures. Major.....
Online Safety Bill: 7 points to note
January 24, 2022 04:29 AM PST| By Priya BhandariHighlights The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa.....
Are global markets headed towards a crash in 2022?
January 24, 2022 02:01 AM PST| By AayushHighlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for.....
Key US economic growth index rises strongly in December: Report
January 21, 2022 12:04 PM PST| By Sanjeeb BaruahHighlights The GDP will grow at an annualized rate of 2.2% in the first quarter, while the full-year growth rate is likely to be 3.5% year, the report noted. Omicron, labor shortages, inflation, and the expected rate hikes would moderate the g.....
How would inflation further affect sectors? 5 pointers to note
January 20, 2022 02:04 AM PST| By Priya BhandariThe inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf.....
US housing starts rise 1.4% in December despite cost, supply troubles
January 19, 2022 12:17 PM PST| By Sanjeeb BaruahHighlights Supply problems and labor shortages have slowed down construction. The Commerce data showed housing starts increased by 1.4% to a seasonally adjusted 1.702 million units last month, the highest level since March. Housing starts fo.....
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UK inflation surges to a 30-year high level: What to expect now?
January 19, 2022 06:06 AM PST| By Sreenivas D AjankarConsumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Sta.....
Is COVID-19 the main reason for a dip in business confidence among Kiwis?
January 18, 2022 07:10 PM PST| By ManikaHighlights The Quarterly Survey of Business Opinion shows a decline in business confidence in NZ. Demand has also fallen as the COVID-19 outbreak continues. The survey shows that businesses have become cautious about investments. With the.....
Report: World’s richest got richer during pandemic
January 17, 2022 05:52 AM PST| By Priya BhandariA recent report by Oxfam has stated that the world’s 10 richest people have seen their fortune increase by more than double from US$700 billion to US$1.5 trillion (£1.01 trillion), since the start of the pandemic due to various factors .....
Would Omicron pose any threat to NZ economy?
January 15, 2022 11:00 AM PST| By ManikaHighlights New Zealand recorded its first Omicron case in mid-December 2021. Omicron variant has created an uncertainty around the economic situation The Delta variant which was more severe was not as harmful to the NZ economy as suggested. .....
Will RBA follow the US Fed & hike rates?
January 14, 2022 06:28 AM PST| By Priyabrata PrustyThe US Federal Reserve (US Fed) could start increasing interest rate as early as March 2022 and shrink its balance sheet in response to increasing inflation, said James Bullard, President, Federal Reserve Bank of St. Louis on 06 January 2022. The .....
Is housing market going to crash in 2022?
January 14, 2022 01:00 AM PST| By AayushHighlights The year 2021 had been one of the best years for housing markets across the globe. The exorbitant rise in housing prices could be majorly attributed to the unprecedented monetary stimulus given by central banks. Mortgage loan compan.....
